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16-Feb-2011 11:48 AM

CAAC reports highest January profit ever in 2011

CAAC announced (15-Feb-2011) the nation’s aviation industry reported a profit of CNY3400 million (USD516 million) in Jan-2011, its best January result ever. Details include (Yicai/AvBuyer, 15-Feb-2011):

  • Revenue: CNY37,060 million (USD5624 million), +34.5% year-on-year;
  • Profit: CNY3400 million (USD516 million), compared with a profit of CNY480 million (USD72.8 million) in p-c-p;
    • Airlines: CNY2820 million (USD428 million), compared with a loss of CNY50 million (USD7.6 million) in p-c-p;
  • Passenger numbers: 22.7 million, +16.7%;
    • Domestic: 20.9 million, +16.1%;
    • International: 1.7 million, +25.5%;
    • Hong Kong, Macau and Taiwan: +25.2%;
  • Cargo volume: 496,200 tonnes, +10.1%;
    • Hong Kong, Macau and Taiwan: +8.4%.

* Based on the conversion rate USD1 = CNY6.5895

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